Dollar collapse is Rand's gain...as Elliott calls it again
A really choppy week for the Rand, as it battled the varying fortunes of the US Dollar which once again traded weaker...
It is a familiar story of the Rand being
Rand Reviews
Rand roars toward R17/$...did you see it coming?
As things hotted up in the US, the Rand traded yet stronger against the Dollar much to importers' delight, tracking perfectly as per our Elliott Wave count...
And once again, it
Rand pulls back as the US stimulus stalls
Some relief for the Rand finally came in, as failed stimulus talks in the US dragged on, and the Dollar's recovery stagnated.
It was a week of lots happening and not
Rand extends losses to test R17.70/$...where next?
Another intriguing week passes us by, with global events and news taking centre stage as the Rand melted weaker and weaker...
It has been an incredible turn of 'fortune' for the
Rand whiplashes to R17/$ (as predicted)
Well, well… it seems the elastic stretched just a little too far and snap went the Rand back to R17/$!
This had been coming for some time with the overextension of
Rand Volatile as Global Tensions Spike Even Higher
Another fascinating week of Rand markets saw us testing pre-pandemic levels once again, as the Dollar capitulation continued.
In a week which defied all expectations, we saw the Rand fighting off
Uncertain days for Rand as US/China tensions rise
It was a case of déjà vu for South Africans at the start of the week, as it felt like the same nightmare playing out all over again, with President
Rand pushes stronger on Dollar weakness
The quiet trading of the Rand stronger against the Dollar made for an interesting week, as investors and traders slowly unwound their emotions from the crazy last few weeks.
July has
Rand rallies to R17/$...but has it run out of steam?
Yet another week of the Rand moving counter to logic goes by, as we saw the market testing below R17/$ for the first time in 3 weeks...
...what could cause positivity
Rand holds ground despite budget...where to next?
Up and down, back and forth, to and fro for the Rand, as we saw the market volatile but mostly trading sideways.
This despite all of the news, supplementary budgets and
Rand slowly trades higher as we await a breakout...
Another interesting week goes by, as we saw the varying fortunes of the Rand playing out...
It was a mix of global and local news and events - and no shortage
Rand rallies below R17/$...did you see it coming?
Well, well...against all odds you might say, we saw another week of risk-on sentiment and Rand positive movement.
And boy, it could not have come a moment sooner for importers and
US & China tensions rise as Rand trades sideways...
Well, after the last few months that we have had, this week was one of the most welcome breathers we have had in recent times!
The Rand largely traded sideways, giving
Sentiment flips Rand-positive...but why & where next?
What a week for the Rand as we saw the market come roaring back against the Dollar, Euro and Pound...
It is no secret that 2020 has been a torrid year
Risks abound for the Rand...where to next?
Another intriguing week of market activity has come and gone.
We live in very interesting days, where markets never do the same thing two days in a row...
...which comes with its
Elliott Wave predicts another volatile Rand week
Another week, another volatile 5 days!
Otherwise known as same old, same old when it comes the Rand...
It was another week of chaos and a sobering look at the effects of
Rand Whipsaws Back Toward R19/$...did you see it coming?
With the hopes of lockdown ending soon, the Rand enjoyed a better week, testing down from its R19 levels to almost break R18 to the Dollar...
...before losing everything all over
Rand Defies Lockdown with Massive Rally + Global Crisis Webinar Replay
What a turnaround week for the Rand, as we saw a HUGE pullback against all the majors!
This could not have come a moment too soon for consumers and importers alike,
Moody's & Fitch derail the Rand-train to R19...
The crazy weeks continue to roll on by with the Covid-19 pandemic continuing to completely change life as we know it.
As for markets, they have been as volatile as ever,
Moody's Axe Falls...as Lockdown Grips the Globe
Whew...the rollercoaster just doesn't stop, does it?!
We are living in some of the most unique days that man has faced - at least in recent times, with lockdowns across the